Apollo’s former risk chief has warned that some Wall Street-backed life insurers will be ill-prepared to manage policyholder funds in a downturn, raising doubts about one of the past decade’s biggest financial trends.
Chak Raghunathan said some newer life insurers could struggle to stay afloat, citing their heavy reliance on private credit and newer savings products that may be vulnerable to policyholder withdrawals.
Raghunathan worked at Apollo from 2008 to 2014, lastly as chief risk officer, when the New York-based firm was building its insurance business, now known as Athene.
您已阅读12%（583字），剩余88%（4287字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。